Environmental report for Q1 2023

26. May 2023 | General news
Environmental report for Q1 2023

Eimskip has published its environmental report for the first quarter of 2023.

The environmental report is published alongside the financial statement each quarter, as the Company uses it to assess results each time and evaluate the selection of environmentally focused projects for the coming quarters.

Eimskip continues to expand ESG reporting and include information from 17 out of 20 countries. The environmental report for this quarter includes data from the vessels and operations in Iceland, Belgium, Brazil, Denmark, Faroe Islands,  Greenland, Germany, Italy, the Netherlands,  Norway,  Poland, Spain, Sweden, Thailand, Turkey, Vietnam, and the UK.

Total emission has decreased by 8% compared to quarter 1 in 2022. Scope 1 emission has decreased by 9% in the first quarter of 2023 compared to the same period of last year. Focus has been on lowering the emission, but a milder winter had a positive effect as well.

The emission from scope 3 decreased between the first quarter of 2023 and 2022, but the Company has an overview of waste in Iceland and most of the business flights for Eimskip Iceland and Norway. The impact of business flights was less than last year, and waste has decreased by 2% as well. The sorting percentage has gone down at the same time.

Eimskip received two electric trucks in Iceland in the first quarter. The trucks have 18 pallets with a driving range of up to 300 km. Eimskip is one of the first companies in Iceland to use electric trucks in its services, but the Company has previously invested in methane trucks and vans.

Eimskip will continue to work on diverse environmental projects to reduce the impact on the environment, and to take steps to reduce CO2 emission in operation.

Faroe Ship, a subsidiary of Eimskip in the Faroe Islands, is a member of Burðardygt Vinnulív, a collaborative project focused on sustainability involving several companies. The organization was honored with the Edie award for "Partnership and Collaboration of the Year," presented by one of the largest sustainability organizations in the UK. The Faroe Islands community demonstrates a strong commitment to sustainability, and it is fascinating to witness the achievements of their society.

Eimskip is also proud to announce its new sustainability goals, including a target of achieving Net-Zero Emissions by 2040. The Company firmly believes in the achievability of these objectives, considering the rapid pace of technological advancements and an increasing emphasis on investing in green advantages. However, these goal demand close cooperation with the government and energy companies, as the availability and utilization of green energy are crucial factors for success.